Montea issued a press release yesterday after trading hours announcing that it will acquire a 47.9 hectare plot on the De Kellen industrial estate in Tiel and that this transaction will be financed in part by means of a contribution in kind of the claim of De Kellen BV on Montea Nederland NV for the payment of the purchase price in the capital of Montea Comm.VA.

This morning, Montea was informed of the signing of purchase agreements by De Kellen BV on the one part, and Ethias SA, Federale Verzekering Vereniging van Onderlinge Levensverzekeringen, Belfius Insurance SA, Constructiv Fonds voor Bestaanszekerheid and Patronale Life SA on the other part (all already known shareholders of Montea Comm. VA) concerning new Montea shares. The ownership of said new shares will be transferred by De Kellen BV to Ethias SA, Federale Verzekering Vereniging van Onderlinge Levensverzekeringen, Belfius Insurance SA, Constructiv Fonds voor Bestaanszekerheid and Patronale Life SA respectively (each for the number of shares they contracted) shortly after the issue of these new shares following the completion of the contribution in kind in the capital of Montea Comm.VA.